文章基本信息

标题：MODELLING THE BUSINESS CYCLES – A DYNAMIC STOCHASTIC GENERAL EQUILIBRIUM MODEL
本地全文：下载
作者：Meşter Ioana Teodora
期刊名称：Annals of the University of Oradea : Economic Science
印刷版ISSN：1222-569X
电子版ISSN：1582-5450
出版年度：2007
卷号：XVI
期号：02
页码：847-850
出版社：University of Oradea
摘要：The term ¡°business cycle¡± refers to joint time-series behavior of a wide range of economic variables such as prices, output, employment, consumption and investment. The model embodies the main characteristics of small open developing economies. In particular, the model provides an environment in which the dynamic interactions between world price shocks and business fluctuations in traded and non-traded goods sectors, and several factors of production including imported capital goods sectors, imported intermediate inputs, nontradable and inelastically supplied capital (land), and labor can be studied. We also examine impulse responses to investigate the propagation of economic fluctuations generated by world price shocks and domestic productivity shocks.
关键词：economic fluctuations, dynamic equilibrium model, log-linearization